Hapag-Lloyd reports sharp decline in Q1 financial results
Hapag-Lloyd reports sharp decline in Q1 financial results
Phaata | 16-05-2024

Hapag-Lloyd ended the first quarter of 2024 with revenues falling to $4.6 billion mainly due to a decline in average freight rates of $1,359/TEU (1Q23: $1,999/TEU).

International shipping and logistics market update - Week 19/2024

Phaata | 11-05-2024

International logistics and container shipping market update on Asia, Europe and North America routes in the week 19/2024.

Yang Ming reports financial results for Q1 2024

Phaata | 10-05-2024

Yang Ming reported Q1 2024 revenue of US$ 1.39 billion and net profit after tax of US$ 298.42 million with EPS of NT$2.69.

Container ship capacity deliveries reach new record of 1 million TEU in the first 4 months of 2024

Phaata | 09-05-2024

A record was set as more than 1 million TEU of container ship capacity was delivered in the first four months of 2024, an increase of nearly 80% compared to the previous record.


15-day strike at the Port of Liverpool has begun

Phaata | 21-09-2022

An incident for the UK supply chain is inevitable as a strike takes place at the Port of Liverpool and workers prepare similar action at the Port of Felixstowe.

HMM and CEVA Logistics signed a strategic cooperation agreement

Phaata | 20-09-2022

Korean shipping company HMM and French company CEVA Logistics have signed a long-term strategic cooperation agreement until 2025.

U&I Logistics - The brainchild of passionate Vietnamese entrepreneurs

Phaata | 19-09-2022

As the first brainchild in the mother company Unigroup, U&I Logistics is known as one of the leading logistics companies with 100% private capital in terms of scale and service quality in Vietnam, providing the professional logistics solutions with motto "CLIENTS’ INTERESTS FIRST".

COSCO Shipping orders to build 15 new methanol-powered container ships worth USD 3 billion

Phaata | 17-09-2022

Total of 15 new methanol-powered ships of COSCO Shipping, including six 23,000-TEU ships that will have methanol dual-fuel engines and nine 15,000-TEU ships running on methanol only.

International shipping and logistics market update - Week 37/2022

Phaata | 16-09-2022

International logistics and container shipping market update on Asia, Europe and North America routes in the week of 37/2022.

FMC seeks to prevent unreasonable booking refusals from container shipping lines

Phaata | 15-09-2022

The US Federal Maritime Commission (FMC) is proposing a rule to prevent ocean carriers from locking out customers from the carriers’ available vessel space.

Water in the Panama Canal overflows on the westbound lane of Gatun Locks

Phaata | 14-09-2022

The Panama Canal Authority (ACP) said the canal's technical team was involved and two hours later, traffic was fully restored.

Workers at the port of Felixstowe announce a new strike action

Phaata | 13-09-2022

The previous Unite Union negotiations have failed, a new eight-day strike action will be started at 07:00 on Tuesday 27 September and ending at 06:59 on Wednesday 5 October.

Shanghai and Ningbo Ports prepare for typhoon Muifa

Phaata | 12-09-2022

Typhoon Muifa is forecast to hit the Chinese port of Shanghai and Ningbo, on September 14, likely to be another blow to Shanghai's logistics market after the March-to-June lockdown.


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